- Paperback: 252 pages
- Publisher: Routledge (August 29, 2015)
- Language: English
- ISBN-10: 0415737354
- ISBN-13: 978-0415737357
- Product Dimensions: 6 x 0.6 x 9 inches
- Shipping Weight: 12.8 ounces (View shipping rates and policies)
- Average Customer Review: 5.0 out of 5 stars See all reviews (9 customer reviews)
- Amazon Best Sellers Rank: #290,487 in Books (See Top 100 in Books)
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Markets without Limits: Moral Virtues and Commercial Interests
Use the Amazon App to scan ISBNs and compare prices.
Palgrave Marketing & Management
Take a first principles approach to marketing strategy
Frequently Bought Together
Customers Who Bought This Item Also Bought
"...as informed and informative as it is thoughtful and thought-provoking. An inherently absorbing and innately fascinating read from beginning to end..."
- Midwest Book Review
- Regulation, Cato Institute
"Giving away morally significant goods and services is fine, even noble, but selling them is wrong. Jason Brennan and Peter M. Jaworski's book is a welcome challenge to this view."
- Notre Dame Philosophical Review
"the book is a pleasure to read and very though-provoking. I predict it will lead to a much higher level of debate about commodification in coming years."
"There are many books on the morality of commerce and market commoditization, but this one is better than the others. It is better argued, penetrates into the issues more deeply, and most of all it is right."
Tyler Cowen, George Mason University, USA
"What I found remarkable is their effort to consider, and answer, objections in a way that recognizes that many of the objections have considerable merit, at least on their own terms. But the answers are still persuasive. An indispensable volume for those interested in applied philosophy and policy."
Michael C. Munger, Duke University, USA
"Brennan and Jaworski have produced the best and most straightforward critique of the 'commodification' critics and should be on every social science and humanities professor shelf."
Peter Boettke, George Mason University, USA
"This is one of the most important books published this century. Every library should have a copy. Despite its theoretical sophistication Markets without Limits is witty, irreverent, and extremely engaging, and so is readily accessible to undergraduates."
J.S. Taylor, College of New Jersey, CHOICE
About the Author
Jason Brennan is Associate Professor of Strategy, Economics, Ethics, and Public Policy at Georgetown University’s McDonough School of Business, and, by courtesy, Associate Professor of Philosophy. He is the author of Why Not Capitalism? (Routledge, 2014), Compulsory Voting: For and Against, with Lisa Hill (2014), Libertarianism: What Everyone Needs to Know (2012), The Ethics of Voting (2011), and A Brief History of Liberty, with David Schmidtz (2010).
Peter Jaworski is Assistant Teaching Professor of Strategy, Economics, Ethics, and Public Policy at Georgetown University’s McDonough School of Business. Prior to joining the faculty at Georgetown, Peter was Visiting Research Professor at Brown University’s Political Theory Project. He is a senior fellow with the Canadian Constitution Foundation and serves on the Board of Directors of the Institute for Liberal Studies.
Top Customer Reviews
But this is not so simple a task. Philosophers like Michael Sandel (and his bestseller, What Money Can't Buy), Deborah Satz (Why Some Things Should Not Be for Sale) and others have argued that there are times when it is wrong to buy or sell a thing even if the thing isn't immoral itself. So, donating your kidney may be okay, but selling it is not. Standing in line for tickets to the free Shakespeare in the Park play is fine, but buying the services of someone to stand in line for you (or selling your ticket after you get it) is not.
With the skill of philosophical surgeons (and some very clear and engaging prose), Brennan and Jaworski dissect these arguments and find them wanting. They tackle several different kinds of objections. Some argue that markets are inherently corrupting (evidence shows this to be dubious). Others argue that markets introduce exploitation into the equation (which evidence again gives lie to, but even if they did, we can introduce regulations that will guard against exploitation). Still others argue that commodification takes something away from the dignity of the bought/sold thing (here is where I think Brennan and Jaworski's discussion is quite fascinating, as they review evidence that shows our perceptions of disgust/disapproval toward certain markets are more matters of cultural convention and anything inherently correct).
But we need to be clear about what Brennan and Jawarski are and are not arguing. Free market libertarians will probably be a bit disappointed in this book, as the authors are not making a case for FREE markets without limits, but simply that if you think buying and selling x is wrong, your objection is almost surely about something other than markets. So, there are times that this means the authors entertain the idea of regulated markets: if someone is concerned that selling body parts may take advantage of the poor or vulnerable, then what if we introduced regulations that the poor could only buy or sell organs with evidence of informed consent, or that the poor could not sell body parts? If we are concerned that those markets will result in only the rich being able to afford organs, introduce price controls that now put those body parts at a price more affordable. This will likely not satisfy the free market libertarian, but the authors' point is simply to pinpoint what it is (other than the existence of markets) that people are objecting to, and then show that markets could exist that take those factors into account.
This book was a really good read, and should challenge a lot of conventional wisdom (and intuition) on the matter of markets in certain areas - from adoption markets to sex markets to policy analyst markets that allow folks to place money on when the next terrorist attack will occur. One important role philosophy has to play is to analyze arguments and pinpoint where they go right and wrong. Brennan and Jawarski do that with great care here, and it makes for a fantastic and challenging read.
Should be read by both friends and foes of the market.
The authors contend that this principle is universal, but they may be significant qualifications. For instance, some things that are permissible may nevertheless be socially undesirable, especially if they become common. If markets in such a thing are suppressed the level of the activity might be quite low, but when markets are opened in this thing, the level might grow to very harmful levels.
At any rate, the book is a pleasure to read and very though-provoking. I predict it will lead to a much higher level of debate about commodification in coming years.